Financials ING Bank Slaski S.A.

Equities

ING

PLBSK0000017

Banks

Market Closed - Warsaw S.E. 11:55:42 2024-04-26 am EDT 5-day change 1st Jan Change
312 PLN -0.64% Intraday chart for ING Bank Slaski S.A. +2.97% +21.88%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 26,345 22,247 34,737 21,440 33,306 40,591 - -
Enterprise Value (EV) 1 26,345 22,247 34,737 21,440 33,306 40,591 40,591 40,591
P/E ratio 15.9 x 16.6 x 15.1 x 11 x 7.5 x 8.76 x 8.24 x 7.82 x
Yield 1.73% - 1.99% - - 7.51% 4.34% 4.65%
Capitalization / Revenue 4.65 x 3.58 x 5.06 x 2.78 x 3.22 x 3.74 x 3.66 x 3.4 x
EV / Revenue 4.65 x 3.58 x 5.06 x 2.78 x 3.22 x 3.74 x 3.66 x 3.4 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.73 x 1.19 x 2.57 x 2.24 x - 2.19 x 1.84 x 1.57 x
Nbr of stocks (in thousands) 130,100 130,100 130,100 130,100 130,100 130,100 - -
Reference price 2 202.5 171.0 267.0 164.8 256.0 312.0 312.0 312.0
Announcement Date 2/6/20 2/24/21 2/3/22 2/2/23 2/1/24 - - -
1PLN in Million2PLN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,666 6,215 6,868 7,709 10,335 10,840 11,088 11,922
EBITDA - - - - - - - -
EBIT 1 3,168 3,452 3,903 4,067 6,635 7,054 6,702 7,630
Operating Margin 55.92% 55.55% 56.83% 52.75% 64.2% 65.07% 60.44% 64%
Earnings before Tax (EBT) 1 2,258 1,912 3,015 2,633 5,720 5,804 5,697 6,416
Net income 1 1,659 1,338 2,308 1,944 4,441 4,192 4,074 4,632
Net margin 29.28% 21.52% 33.61% 25.22% 42.97% 38.67% 36.74% 38.85%
EPS 2 12.75 10.28 17.74 14.95 34.13 35.61 37.88 39.91
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 3.500 - 5.300 - - 23.45 13.53 14.52
Announcement Date 2/6/20 2/24/21 2/3/22 2/2/23 2/1/24 - - -
1PLN in Million2PLN
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1
Net sales 1 - 1,721 1,876 2,297 2,369 4,666 703.9 2,321 2,455 2,631 5,086 2,642 2,723 2,816
EBITDA - - - - - - - - - - - - - -
EBIT 1 - 1,027 1,118 1,366 1,169 2,534 -117.7 1,632 1,450 1,780 3,230 1,782 1,736 1,706
Operating Margin - 59.66% 59.61% 59.45% 49.34% 54.32% -16.72% 70.31% 59.07% 67.67% 63.52% 67.43% 63.76% 60.58%
Earnings before Tax (EBT) 1 - 839.1 832.5 1,069 830 1,899 -470 1,204 1,209 1,424 2,633 1,492 1,595 1,622
Net income 1 583.5 638.4 669 792.8 573 1,366 -317.3 895.9 908.7 1,099 2,008 1,162 1,271 1,095
Net margin - 37.1% 35.67% 34.51% 24.19% 29.27% -45.08% 38.6% 37.02% 41.79% 39.49% 43.98% 46.67% 38.89%
EPS - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 8/6/20 11/4/21 2/3/22 5/6/22 8/4/22 8/4/22 11/3/22 2/2/23 5/11/23 8/3/23 8/3/23 11/2/23 2/1/24 -
1PLN in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 11.6% 7.6% 13.6% 17% - 27.9% 21.5% 20.1%
ROA (Net income/ Total Assets) 1.1% 0.77% 1.19% 0.93% - 1.63% 1.6% 1.62%
Assets 1 150,791 172,602 194,122 209,458 - 257,990 254,609 286,811
Book Value Per Share 2 117.0 143.0 104.0 73.60 - 143.0 169.0 198.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/6/20 2/24/21 2/3/22 2/2/23 2/1/24 - - -
1PLN in Million2PLN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
312 PLN
Average target price
305.6 PLN
Spread / Average Target
-2.06%
Consensus

Quarterly revenue - Rate of surprise

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